Changes to Social Security usually happen in January, but some updates are set for May. In 2025, Social Security beneficiaries received a 2.5% increase, though it was less than expected. Enhanced earnings-test limits allow working seniors to earn more without losing benefits. The wage cap also increased, requiring higher earners to pay more taxes. Seniors should keep an eye on forthcoming changes in May that particularly affect certain recipients' benefits.
Even though Social Security has been around for a very long time, the program tends to undergo changes every year.
At the start of 2025, seniors on Social Security saw their monthly benefits increase 2.5%. That cost-of-living adjustment was actually a big disappointment for retirees.
#social-security #retirement-benefits #eligibility-changes #cost-of-living-adjustments #financial-planning
Collection
[
|
...
]